Index – Headline of Current Affairs and Banking Awareness News
| 1. | Indian descent The Financial Action Task Force’s (FATF) new president is T Raja Kumar . भारतीय मूल के फाइनेंशियल एक्शन टास्क फोर्स (FATF) के नए अध्यक्ष टी राजा कुमार हैं। | 10. | As a significant step toward eliminating unemployment in Uttar Pradesh, the UP government will give cards to each and every household. उत्तर प्रदेश में बेरोजगारी को खत्म करने की दिशा में एक महत्वपूर्ण कदम के रूप में यूपी सरकार हर घर को कार्ड देगी। |
| 2. | On June 30, 2022, DPIIT published the Index of Eight Core Industries (ICI) for the month of May 2022. 30 जून, 2022 को, DPIIT ने मई 2022 के महीने के लिए आठ प्रमुख उद्योगों (ICI) का सूचकांक प्रकाशित किया। | 11. | The government decided to establish the Financial Services Institution Bureau (FSIB). सरकार ने वित्तीय सेवा संस्थान ब्यूरो (FSIB) स्थापित करने का निर्णय लिया। |
| 3. | Yair Lapid was elected as Israel’s fourteenth prime minister. यायर लैपिड को इज़राइल के चौदहवें प्रधान मंत्री के रूप में चुना गया था। | 12. | During the 11th World Urban Forum in Poland, India’s first national coalition platform for urban nature-based solutions was unveiled. पोलैंड में 11वें विश्व शहरी मंच के दौरान, शहरी प्रकृति-आधारित समाधानों के लिए भारत के पहले राष्ट्रीय गठबंधन मंच का अनावरण किया गया। |
| 4 | Based on the execution of BRAP 2020, a report assessing the States and UTs has been published. BRAP 2020 के क्रियान्वयन के आधार पर राज्यों और केंद्र शासित प्रदेशों का आकलन करने वाली एक रिपोर्ट प्रकाशित की गई है। | 13. | Seven businesses have been fined Rs 1.6 crore by SEBI. सेबी ने सात व्यवसायों पर 1.6 करोड़ रुपये का जुर्माना लगाया है। |
| 5. | An agreement was reached between the Indian Institute of Management Shillong and the Indian Institute of Entrepreneurship (IIE), Guwahati (IIMS). भारतीय प्रबंधन संस्थान शिलांग और भारतीय उद्यमिता संस्थान (IIE), गुवाहाटी (IIMS) के बीच एक समझौता हुआ। | 14. | In FY22, India’s external debt rose by $47.1 billion. FY22 में, भारत का विदेशी ऋण 47.1 बिलियन डॉलर बढ़ा। |
| 6. | July 1, 2022, will be National Chartered Accountants Day. 1 जुलाई 2022 को राष्ट्रीय चार्टर्ड एकाउंटेंट्स दिवस होगा। | 15. | The 25th edition of the Financial Stability Report was made available by RBI. वित्तीय स्थिरता रिपोर्ट का 25वां संस्करण आरबीआई द्वारा उपलब्ध कराया गया था। |
| 7. | BESCOM created the EV Mitra smartphone application. BESCOM ने EV मित्र स्मार्टफोन एप्लिकेशन बनाया। | 16. | A paper titled “Harnessing Green Hydrogen – Opportunities for Deep Decarbonization in India” was published by NITI Aayog. नीति आयोग द्वारा “हार्नेसिंग ग्रीन हाइड्रोजन – अपॉर्चुनिटीज फॉर डीप डीकार्बोनाइजेशन इन इंडिया” शीर्षक से एक पेपर प्रकाशित किया गया था। |
| 8. | Ravi Shastri was named the FanCode’s new brand ambassador. रवि शास्त्री को फैनकोड का नया ब्रांड एंबेसडर नामित किया गया है। | 17. | The annual complaints report from the Advertising Standards Council of India (ASCI) was published. भारतीय विज्ञापन मानक परिषद (एएससीआई) की वार्षिक शिकायत रिपोर्ट प्रकाशित की गई। |
| 9. | The DRDO successfully completed the Autonomous Flying Wing Technology Demonstrator’s first flight. DRDO ने ऑटोनॉमस फ्लाइंग विंग टेक्नोलॉजी डिमॉन्स्ट्रेटर की पहली उड़ान सफलतापूर्वक पूरी की। | 18. | July 1st is National Doctors Day 1 जुलाई राष्ट्रीय चिकित्सक दिवस है |
Explanation
| Indian descent The Financial Action Task Force’s (FATF) new president is T Raja Kumar . भारतीय मूल के फाइनेंशियल एक्शन टास्क फोर्स (FATF) के नए अध्यक्ष टी राजा कुमार हैं। | T Raja Kumar’s main priority will be enhancing the efficiency of international anti-money laundering and counter-terrorist funding regulations. He will hold office for two years and succeeded Dr. Marcus Pleyer. He formerly held the position of Senior Advisor (International) at Singapore’s Ministry of Home Affairs. He has held a number of important posts in Singapore’s Ministry of Home Affairs. |
| On June 30, 2022, DPIIT published the Index of Eight Core Industries (ICI) for the month of May 2022. 30 जून, 2022 को, DPIIT ने मई 2022 के महीने के लिए आठ प्रमुख उद्योगों (ICI) का सूचकांक प्रकाशित किया। | The Index of Eight Core Industries (ICI) was 148.1 in May 2022. Comparing the Index of May 2021 to the combined ICI, a gain of 18.1 percent (provisional) was seen in May 2022. May 2022 saw an increase in production from core industries of 18.1% as compared to 16.4% in the same month the prior year (May 2021). The preliminary number of 5.8 percent for ICI’s final growth rate for February 2022 has been updated to 5.9 percent. The cement industry saw the largest increase in May 2022, rising by 26.3 percent. |
| Yair Lapid was elected as Israel’s fourteenth prime minister. यायर लैपिड को इज़राइल के चौदहवें प्रधान मंत्री के रूप में चुना गया था। | Yair Lapid was appointed interim prime minister. He has assumed Naftali Bennett’s post. The elections will now take place on November 1 due to the dissolution of Israel’s Parliament. The election will be the fifth in less than four years. According to Naftali Bennett, he won’t run in the upcoming legislative elections. In Israel’s history, Naftali Bennett’s stint as prime minister was the shortest. Israel and India’s bilateral relationship will be further strengthened, according to Yair Lapid. |
| Based on the execution of BRAP 2020, a report assessing the States and UTs has been published. BRAP 2020 के क्रियान्वयन के आधार पर राज्यों और केंद्र शासित प्रदेशों का आकलन करने वाली एक रिपोर्ट प्रकाशित की गई है। | The best performance category of the study lists seven states as the top achievers. Tamil Nadu, Andhra Pradesh, Telangana, Gujarat, Haryana, Karnataka, and Punjab are these states. The study divides states and UTs into four groups this year. Top Achievers, Achievers, Aspirers, and Emerging Business Ecosystems are these categories. Since 2014, BRAP has been made available by the Department for Promotion of Industry and Internal Trade (DPIIT). The evaluation of States/UTs has been published in 4 versions so far. The evaluation of BRAP 2020 is the most recent version. |
| An agreement was reached between the Indian Institute of Management Shillong and the Indian Institute of Entrepreneurship (IIE), Guwahati (IIMS). भारतीय प्रबंधन संस्थान शिलांग और भारतीय उद्यमिता संस्थान (IIE), गुवाहाटी (IIMS) के बीच एक समझौता हुआ। | This collaboration intends to encourage entrepreneurship, incubation, and startups in the North-Eastern Region (NER). To support professional development in the areas of management, entrepreneurship, and skill development, the institutes will collaborate and share knowledge and resources. |
| The government decided to establish the Financial Services Institution Bureau (FSIB). सरकार ने वित्तीय सेवा संस्थान ब्यूरो (FSIB) स्थापित करने का निर्णय लिया। | The FSIB’s mandate will be broader. It will be established by the government to take the position of the Banks Board Bureau (BBB). After Bhanu Pratap Sharma’s time as chairman came to an end in April 2022, the BBB was essentially dysfunctional. The Delhi High Court decided last year that BBB is not a competent organisation and cannot choose the general managers and directors of state-run general insurers since it lacks the necessary qualifications. On June 30, ACC approved a request from the department of financial services (DFS) to name Bhanu Pratap Sharma the new organization’s leader for a period of two years or until further instructions. Three further members of the new organisation were selected by the Cabinet’s Appointments Committee (ACC) (FSIB). Next, they are given. Former Oriental Bank of Commerce chairman and managing director Animesh Chauhan Former Managing Director and CEO of ING Vysya Bank Shailendra Bhandari Deepak Singhal, a former executive director of the Reserve Bank of India |
| July 1, 2022, will be National Chartered Accountants Day. 1 जुलाई 2022 को राष्ट्रीय चार्टर्ड एकाउंटेंट्स दिवस होगा। | The first of July is recognised as National Chartered Accountants Day in India. The Institute of Chartered Accountants of India (ICAI) was established on July 1, 1949, and the day honours that day. |
| Seven businesses have been fined Rs 1.6 crore by SEBI. सेबी ने सात व्यवसायों पर 1.6 करोड़ रुपये का जुर्माना लगाया है। | The Kotak Mahindra Trustee Company has been fined (Rs 40 lakh). Nilesh Shah, the managing director of Kotak AMC, was also hit with a fine of Rs. 30 lakh for breaking mutual fund regulations when he made investments in Essel Group firms. The Securities Appellate Tribunal is now considering the case of Kotak Mahindra Asset Management Co Limited. Six Fixed Maturity Plans that reached maturity in April and May 2019 are involved in the case. |
| BESCOM created the EV Mitra smartphone application. BESCOM ने EV मित्र स्मार्टफोन एप्लिकेशन बनाया। | The Bengaluru Electricity Company BESCOM created the EV Mitra smartphone app to offer details about EV charging stations in Bengaluru. The EV Jagruthi Web platform, a collaboration between NITI Ayog and the UK, has previously been unveiled by BESCOM. The website offers details on state government activities pertaining to electric mobility as well as information on the availability of electric cars, incentives, and support systems. BESCOM has established 136 charging stations in Bengaluru, and 152 more will follow shortly. The EV Abhiyan will run from July 1 through July 6 for a week, while the EV Expo will run from July 1 through July 3. |
| Ravi Shastri was named the FanCode’s new brand ambassador. रवि शास्त्री को फैनकोड का नया ब्रांड एंबेसडर नामित किया गया है। | FanCode, India’s premier digital sports destination, strives to give every fan a completely unique experience in terms of sports content, commerce, and statistics. |
| The DRDO successfully completed the Autonomous Flying Wing Technology Demonstrator’s first flight. DRDO ने ऑटोनॉमस फ्लाइंग विंग टेक्नोलॉजी डिमॉन्स्ट्रेटर की पहली उड़ान सफलतापूर्वक पूरी की। | On July 1st, 2022, the first flight was successfully completed at the Aeronautical Test Range in Chitradurga, Karnataka. The Aeronautical Development Establishment (ADE), Bengaluru, is responsible for its design and development. The plane flew in completely autonomous mode. A tiny turbofan engine powers it. The complete flight control and avionics system, as well as the aircraft’s construction, were designed domestically. |
| As a significant step toward eliminating unemployment in Uttar Pradesh, the UP government will give cards to each and every household. उत्तर प्रदेश में बेरोजगारी को खत्म करने की दिशा में एक महत्वपूर्ण कदम के रूप में यूपी सरकार हर घर को कार्ड देगी। | Family Cards will be the name of these cards. The government will be able to identify the families that don’t have any jobs using these cards, whether it be government or private. At least one member of these households will get work, self-employment, or both from the government. At a ceremony in Lucknow, Yogi Adityanath, the chief minister of Uttar Pradesh, handed loans totaling 16 billion rupees to 1.90 lakh craftsmen and small business owners. According to CM Yogi, the government would shortly develop an action plan to place one member of each household in contact with a job, employment, or self-employment. |
| In FY22, India’s external debt rose by $47.1 billion. FY22 में, भारत का विदेशी ऋण 47.1 बिलियन डॉलर बढ़ा। | In FY 22 compared to FY 21, India’s external debt climbed by 8.2% to $620.7 billion. The Reserve Bank of India’s most recent figures show that while short-term debt has increased by 20%, the debt-to-GDP ratio has decreased to 19.9% from 21.2 percent. The long-term debt, now at $499 billion, has increased by 5.6%. As a percentage of total external debt, short-term debt now accounts for 19.6%. By the end of March 2022, the ratio of short-term debt to foreign exchange reserves had risen to 20% (from 17.5% at the end of March 2021). The majority of India’s external debt continues to be in US dollars. It is followed by debt denominated in Indian rupees (31.2%), SDR (6.6%), yen (5.4%), and the euro (5.4%). (2.9 per cent). Debt service, which includes principle and interest payments, has decreased, going from 8.2% in March 2021 to 19.9% in March 2022. The largest portion of foreign debt held by non-financial firms, at 40.3%, was followed by general government (21.1%), deposit-taking institutions (apart from the central bank), and other financial corporations (25.6%). (8.6 per cent). Money borrowed from a source outside the nation is referred to as external debt. Governments and businesses are both eligible to take out loans overseas. |
| The 25th edition of the Financial Stability Report was made available by RBI. वित्तीय स्थिरता रिपोर्ट का 25वां संस्करण आरबीआई द्वारा उपलब्ध कराया गया था। | Despite the issues facing the world, the Indian economy is still recovering, according to the research. The main obstacles facing the Indian economy will be inflationary pressures, foreign spillovers, and geopolitical risk. Banks and other financial organisations have enough capital reserves. The scheduled commercial banks’ capital to risk-weighted assets ratio (CRAR) has risen by 16.7%. The gross non-performing asset (GNPA) ratio has decreased to a six-year low of 5.9 percent, according to this research. By March 2023, the gross non-performing asset (GNPA) ratio of all scheduled commercial banks could be 5.3%. Because of the European conflict, the high level of inflation, and the Covid-19 pandemic crisis, the future of the world economy is uncertain. The Financial Stability Report is the Sub-Committee of the Financial Stability and Development Council’s collective evaluation. It displays the vulnerability of the financial system and its resilience. |
| During the 11th World Urban Forum in Poland, India’s first national coalition platform for urban nature-based solutions was unveiled. पोलैंड में 11वें विश्व शहरी मंच के दौरान, शहरी प्रकृति-आधारित समाधानों के लिए भारत के पहले राष्ट्रीय गठबंधन मंच का अनावरण किया गया। | The first national coalition platform for urban nature-based solutions (NbS) in India has been developed by the National Institute of Urban Affairs’ Climate Centre for Cities (NIUA C-Cube) in collaboration with World Resources Institute India. It was started as part of the “Cities4Forests” programme and is backed by the Caterpillar Foundation, the UK Department of the Environment, and the International Climate and Forest Initiative of Norway (NICFI). Through multi-stakeholder cooperation, it seeks to increase investment and enhance delivery systems. Through guiding policy, strategies, and project interventions, it will also strive to mainstream urban ecosystem-based services and nature-based solutions. The most efficient and sustainable approaches to addressing the issues of climate change involve ecosystem-based services and nature-based solutions. |
| A paper titled “Harnessing Green Hydrogen – Opportunities for Deep Decarbonization in India” was published by NITI Aayog. नीति आयोग द्वारा “हार्नेसिंग ग्रीन हाइड्रोजन – अपॉर्चुनिटीज फॉर डीप डीकार्बोनाइजेशन इन इंडिया” शीर्षक से एक पेपर प्रकाशित किया गया था। | In collaboration with the Delhi-based research group RMI India, this paper was produced. In its study, NITI Aayog suggests that the GST and customs charges on the generation of green hydrogen be reduced or waived. Additionally, it suggested creating green hydrogen corridors and funding early-stage companies developing green hydrogen solutions. According to the paper, “three hydrogen routes across the country must be developed.” According to this paper, the government should concentrate on finding ways to lower the price of producing green hydrogen in India. Additionally, NITI Aayog recommended dollar-based bidding for green hydrogen and demand aggregation to attract investment. This study predicts that by 2050, India’s need for hydrogen may more than quadruple. Through incubators and investment networks, the government should assist Green hydrogen startups. The electrolysis of water results in the production of green hydrogen. |
| The annual complaints report from the Advertising Standards Council of India (ASCI) was published. भारतीय विज्ञापन मानक परिषद (एएससीआई) की वार्षिक शिकायत रिपोर्ट प्रकाशित की गई। | 33 percent of the “objectionable or deceptive” advertising were discovered to be from the education sector, according to the annual Complaint Insights 2021-22 study. All edtech businesses’ ads will be analysed by ASCI. This study found that 16% of the deceptive advertisements were from the health industry and 11% from the personal care industry. Approximately 8% of the complaints were from more recent industries including cryptocurrency, gambling, and the food and beverage industry. The study states that ASCI handled 5,532 advertisements from print, digital, and television. It has increased by 62% from the previous year. Additionally, complaints against adverts have gone up by 25%. |
| July 1st is National Doctors Day 1 जुलाई राष्ट्रीय चिकित्सक दिवस है | The first Monday in July is designated as National Doctors’ Day. It was initially noted in 1991. On July 1, National Doctor’s Day is observed to commemorate Dr. Bidhan Chandra Roy’s birth and passing. “Family Doctors on the Front Line” is the topic for National Doctors’ Day in 2022. The Medical Council of India and the Indian Medical Association were founded in large part because to Dr. Bidhan Chandra Roy. It is customary to express thanks to all physicians who sacrifice a great deal for their patients’ well-being. |
